James Higgiejames.higgie@bayleys.co.nzMark Houriganmark.hourigan@bayleys.co.nzfalseMM/DD/YYYY1440

252 Oriental Parade and 1 Baring Street, Oriental Bay

Details

Floor area

337sqm

Height Limited

28 Metres

Holding Income

Allows time to plan

Land area

337 square metres

Location

Heart of Oriental Bay

Opportunities

Develop, occupy or invest

Rateable value

$3,260,000

Use

3 residential tenancies and 1 commercial

Description

Double Scoop of Oriental Bay

They say the three key factors for a property are location, location, location.

Being sold as one lot these 2 adjoining properties certainly tick that box and together they provide a rare opportunity to acquire a slice of largely untouched real estate in the heart of the Bay.

At centre stage is the iconic 252 Oriental Parade which is being offered for sale for the first time in over 80 years. Comprising a ground floor shop that has served ice-creams to generations of Wellingtonians and a 4 bedroom residence above, this property has the expansive views and sunny outlook that you would expect from being in the front row of this dress circle location.

To the rear and accessed from Baring street is a 2 flat property and 2 off street parks which provides extra land and enhances the offering. The holding income from both properties is not to be sneezed at and will allow you the luxury of time to formulate plans for this unique opportunity. So whether you are looking for a place to call home, something to develop, or you simply recognize the merits of owning a property that has location, location and location, then this is must to inspect.

• Location - Heart of Oriental Bay

• Use - 3 residential tenancies and 1 commercial

• Land Area - 337 square metres

• Opportunities - Develop, occupy or invest

• Holding income - Allows time to plan

• Height Limit - 28 Metres

• Rateable Value - $3,260,000

To obtain copies of the supplementary documents please visit http://www.propertyfiles.co.nz/property/oriental-baring